Inflation fell to 4.5 percent in January, its lowest level since 2021

The inflation rate for January is expected to be 4.5 percent, following 5.6 percent in December, according to calculations by Statistics Austria as part of a flash estimate. Inflation has thus fallen to its lowest level since December 2021.

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The reason for the decline was less rising energy prices, with electricity prices in particular having a dampening effect.Vienna. In many other areas, prices have also risen less sharply than recently, said Statistics Austria General Director Tobias Thomas on Thursday, according to a broadcast.

“Rate might be more than halved”

“The inflation rate has already been more than halved since its peak a year ago. For 2024, the experts expect a further halving compared to 2023,” said Finance Minister Magnus Brunner (ÖVP).

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